Unlocking Advanced NetSuite Support: How to Maximize NetSuite ERP Pricing for Your Business

OpenTeQ Admin | Updated: Sep 23,2024
Unlocking Advanced NetSuite Support: How to Maximize NetSuite ERP Pricing for Your Business

One of the top cloud ERP systems for managing important business operations is NetSuite, which is utilized by companies in many sectors. With its extensive feature set for CRM, eCommerce, inventory management, accounting, and more, NetSuite offers growing businesses an all-in-one solution.  

However, NetSuite has a hefty price tag as well. We'll go over NetSuite pricing and licensing in this blog, along with advice on how to find better deals, alternatives, and how our managed services can maximize your investment.

What Is the Price of NetSuite?  

NetSuite does not publicly disclose its prices. The price of NetSuite varies greatly depending on your business requirements. Pricing is adjusted according to important variables such as the quantity of users, the degree of assistance needed, the amount of customisation, etc. The NetSuite price range is often between $50,000 and $500,000. This range includes core financials, inventory, CRM, and support for a standard mid-level setup. Adding items, users, and customizations can drive up prices even higher. OpenTeQ Technologies offers Advanced NetSuite Support, ensuring seamless performance and optimization for businesses using NetSuite ERP.

How to Purchase NetSuite at a Reduced Price? 

With a transparent and competitive NetSuite ERP Pricing structure, OpenTeQ provides tailored solutions to meet your organization's financial requirements. 

Although NetSuite does not make its pricing available to the public, you can use several smart negotiating strategies to obtain the best deal for your company: 

Make Use of Packaged Pricing  

One of the most efficient strategies to obtain a discount on NetSuite is to acquire many items together in a packaged deal instead than licensing individual modules separately. In addition to its core ERP, NetSuite offers packaged pricing for add-ons like CRM, eCommerce, HCM, POS, and more. Choosing a combined suite deal can save you anywhere from 10% to 20% on the cost of the individual goods. 

You can obtain a full array of business management tools at a discounted price by bundling. To get the most out of bundled pricing discounts, be sure to include all the capabilities you'll need up front while negotiating. Our team of Certified NetSuite Experts delivers expert guidance and solutions, ensuring your ERP implementation is efficient and effective.

Lock-in Extended Contract Period  

Customers who sign lengthier contracts with NetSuite are eligible for greater discounts and savings. One year is the typical contract duration. However, you can receive greater savings—up to 10% to 20%—over ordinary rates if you sign up for fixed lengths of two to three years.  

You have more power to negotiate lower prices the longer you commit. In the long run, this guarantees a higher return on your software investment, even while it limits flexibility if business demands alter.

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Cover All Expenses Up Front  

Customers are usually invoiced by NetSuite on a monthly or annual basis. Paying your contracted charges all at once each year rather than in installments is one method to further cut expenses.  

Discounts ranging from 2% to 5% can be obtained on membership rates by choosing to pay once per year as opposed to monthly. When making long-term investments where initial expenditures are manageable, this is advantageous. 

Partner Discounts for Access  

Purchasing through an approved partner in NetSuite's solution provider program is one of the simplest methods to receive the best pricing on the software. These approved resellers receive discounted prices that they can pass along to their customers. 

Additionally, partners are better positioned to negotiate bulk agreements for the deployment of several clients. Discounts for partners can sometimes be as much as 25% or even more. Through personalized NetSuite Consultation, OpenTeQ helps businesses enhance their ERP capabilities and streamline operations.

Enhance User Permissions  

Consider your company's roles when determining the appropriate amount of NetSuite user licenses. You are required to pay for all purchased licenses, regardless of actual usage, according to NetSuite's pricing mechanism.  

Clearly understand the needs of both present and future users. It is simple to add licenses later if necessary. On the other hand, buying too many licenses results in paying for seats that are never utilized. 

Scale Up With Business Expansion  

One crucial thing to discuss is contract conditions that allow easy future upgrades to your NetSuite plan and licenses. This makes it possible to promote company expansion gradually without incurring new initial costs.  

By including alternatives for gradual license upgrades in your contract, you position yourself for growth without having to engage in further negotiations. This enables you to scale affordably as your demands change. 

Ask for Discounts on Add-On Products  

Be sure to inquire about particular savings when purchasing additional add-on products such as SuiteSuccess or SuitePeople. To save 15% to 20%, bundle add-ons like advanced HCM, manufacturing, or planning tools.  

Your negotiating power for overall NetSuite pricing discounts increases with the more of goods and features you bundle. Examine every module that is offered to find possible savings.

The Essential Features of NetSuite  

NetSuite is brimming with end-to-end functionality that addresses every crucial business procedure in contemporary enterprises: 

  • Financial Management - Support involves multiple currency, general ledger, accounts payable/receivable, consolidations, allocations, and financial reporting. The NetSuite Support Team at OpenTeQ is always ready to assist, offering expert guidance on NetSuite ERP Pricing and customization options. 
  • Order Processing and Invoicing - It involves sophisticated order processing, revenue recognition, automated billing, collections, and invoicing. Our Certified NetSuite Experts provide in-depth consultations, helping businesses unlock the full potential of their NetSuite ERP system. 
  • Stock and Delivery- It involves demand planning, drop shipping, omnichannel fulfillment, inventory control, and warehouse management. OpenTeQ Technologies' Advanced NetSuite Support ensures continuous monitoring and proactive solutions for all your ERP needs. 
  • Manufacturing - Work orders, quality control, engineering, production management, and manufacturing expenses.
  • Marketing and CRM - Campaigns, predictions, commissions, sales force automation, marketing automation, and analytics.  
  • Online Retailers - PCI compliance, omnichannel retail, full-featured webstores, promotions, catalogs, and customer management. 
  • HCM Central Employee engagement - It includes Payroll, talent management, HR helpdesk, and time tracking. The NetSuite Support Team at OpenTeQ Technologies is dedicated to providing ongoing assistance, ensuring your ERP system runs smoothly at all times. 
  • Suite Analytics - Tools for planning, forecasting, budgeting, and scheduling in real-time for data-driven decisions.

How OpenTeQ Can Help You Achieve Better NetSuite Deals  

OpenTeQ , a Certified NetSuite partner and solution provider, can assist you in obtaining the best possible pricing and licensing conditions from NetSuite by doing the following:  

Vendor-Agnostic Selection: We offer unbiased guidance on platforms that work best, such as Microsoft, SAP, Oracle, and NetSuite.  

Pre-Negotiated Discounts: Our clients receive direct access to exclusive partner pricing and volume discounts.  

License optimization: Minimizing expenses by appropriately sizing licenses to requirements. preparing for potential expansion.  

Contract negotiation: Taking advantage of our connections and volume to get the best possible vendor discounts.  

Ongoing Cost Management: Constantly optimizing expenses and licensing in response to evolving needs. 

Book a demo +discovery session with OpenTeQ today!

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